Power industry contracts in Asia-Pacific for February 2022 down 42%

Asia-Pacific power industry contracts activity in February 2022 saw 64 contracts announced, marking a drop of 42% over the last 12-month average of 110, according to GlobalData’s power database.

Asia-Pacific power industry contracts in February 2022: China leads activity

Looking at contracts by country, China led the activity in February 2022 with 30 contracts and a share of 46.9%, up 21.1% over the previous month and down 6% when compared with the last 12 month-average, followed by India with 12 contracts and a share of 18.8% and Japan with seven contracts and a share of 10.9% during the month.

Looking at the last 12-month average, China held the top spot with 32 contracts, followed by India with 22 and Australia with eight contracts.

Solar is top technology area for contracts in February 2022

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 27 contracts and a 52.9% share, followed by wind with 12 contracts and a 23.5% share and hydro with five contracts and a 9.8% share.

Looking at power industry contracts divided by segment in Asia-Pacific as tracked by GlobalData, Power Plant was the most popular segment in February 2022, with 24 contracts, followed by T&D Project (19) and Generation Equipment (12).

The proportion of contracts by category tracked by GlobalData in the month was as follows:

1. Project Implementation: 29 contracts and a 45.3% share
2. Supply & Erection: 12 contracts and an 18.8% share
3. Power Purchase Agreement: 11 contracts and a 17.2% share
4. Consulting & Similar Services: ten contracts and a 15.6% share
5. Repair, Maintenance, Upgrade & Others: two contracts and a 3.1% share.

Power contracts in February 2022: Top companies by capacity

The top issuers of contracts for the month in terms of power capacity involved in Asia-Pacific were:

1. Rajasthan Rajya Vidyut Utpadan Nigam (India): 1,785MW from one contract
2. Sify Technologies: 231MW from one contract
3. Fujian Sangang Minguang Group: 160MW capacity from one contract.

Power contracts in February 2022: Top winners by capacity

The top winners of contracts for the month in terms of power capacity involved in Asia-Pacific were:

1. Solar Energy Corporation of India (India): 1,785MW from one contract
2. China Power Engineering Consulting Group (China): 650MW from five contracts
3. SEPCO Electric Power Construction (China): 500MW capacity from two contracts.

All publicly-announced contracts are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s Power database.

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